Thursday, 3/9/2026
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HAI PHONG PLUS
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Economic growth
More businesses, better quality
Hai Phong needs to shift from increasing the number of businesses to improving their quality, creating a solid foundation for the business community to make a substantive contribution to growth.
Business
Resolving bottlenecks to accelerate projects launched in May
Hai Phong held groundbreaking and inauguration ceremonies for 14 works and projects, including nine groundbreaking ones, in May 2026. Their investors and contractors are now accelerating construction to contribute to economic growth.
Free Trade Zone and growth challenge
With its preferential mechanisms and capacity to attract capital, technology and high-value services, the Free Trade Zone is expected to help Hai Phong achieve its target of GRDP growth of 13% or higher.
Expanding growth space through industry
In the first seven months of 2026, Hai Phong’s economy continued to maintain its growth momentum, with industry remaining main driving force.
Hai Phong restructures budget spending to drive growth
Hai Phong aims to allocate at least 60% of its budget expenditures to development investment by 2030 to achieve its economic growth targets for 2026 and the 2026 – 2030 period.
Industrial parks and economic zones drive growth
With Hai Phong targeting GRDP growth of at least 13%, the city's industrial parks and economic zones continue to serve as key engines of economic expansion.
Unlocking momentum from Industrial Parks and Economic Zones
Industrial parks and economic zones must have project bottlenecks removed and the quality of growth improved.
Unlocking resources to drive economic growth
Investment continues to be a key driver of Hai Phong's economic growth, as foreign direct investment (FDI), public investment, and private-sector investment all gather momentum. This synchronized acceleration is laying a solid foundation for the city to achieve its target of at least 13% GRDP growth in 2026.
FDI drives economic growth
Amid mounting pressures on traditional growth drivers, the foreign direct investment (FDI) sector continues to play a vital role in driving the economic growth of Hai Phong.
Optimizing land resources, elevating Hai Phong's industrial parks
Following the merger, Hai Phong is reshaping its regional industrial landscape by optimizing land resources and infrastructure to attract a new wave of high-quality FDI during the 2026–2030 period.
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